Ahold to cut about 300 jobs at Dutch online retailer Bol.com

Dutch supermarket company Ahold Delhaize AD is planning to cut around 300 jobs at its online subsidiary Bol.com as part of a restructuring campaign, the company said on Thursday.

Bol.com is the Netherlands' largest online store.

The restructuring "does not mean Bol.com is not doing well," Bol.com said in a statement confirming the cuts, which were first reported by Dutch newspaper FD. "Last quarter our sales increased...in addition we were still growing market share."

However, consumers squeezed by inflation are now spending less, the company said, and it plans to cut costs and slow its investment plans in response.

The FD report cited an internal company presentation that the program is targeting cost savings of around 225 million euros ($237.15 million) in the Netherlands over three years.

($1 = 0.9488 euros)